ERP, or Enterprise Resource Planning, is a program or system that companies use to organize and control their regular operations, including things like their supply chains, manufacturing, services, finances, and so on. Accounting, buying, project management, CRM, risk management, compliance, and supply chain management are just some of the business-wide processes that may benefit from the automation and streamlining offered by enterprise resource planning (ERP) software.
Software as a service (SaaS) can be provided by individual ERP programs, whereas an ERP system is comprised of a suite of ERP apps that work together to streamline business processes and share information in real-time, whether that information is in the cloud or on-premises.
ERPs, or enterprise resource planning systems, connect every facet of a company. ERP software paves the way for enhanced performance and project management, which in turn improves financial planning, budgeting, forecasting, and reporting.